SCHEDULE: Saba Capital Discloses 5.53% Stake in Sharps Technology
Beneficial Ownership Disclosure
Saba Capital Management, L.P., along with its affiliates and Boaz R. Weinstein, reported a 5.53% beneficial ownership stake in Sharps Technology, Inc. as of November 4, 2025.
Summary
- Saba Capital Management, L.P., Saba Capital Management GP, LLC, and Boaz R. Weinstein (collectively, the "Reporting Persons") have filed a Schedule 13G regarding Sharps Technology, Inc.
- The Reporting Persons beneficially own an aggregate of 1,583,749 shares of Sharps Technology, Inc.'s Common Stock and Warrants.
- This ownership represents 5.53% of the outstanding class of securities.
- The percentage is calculated based on 28,226,153 shares outstanding as of October 17, 2025, as reported on the Issuer's Form S-3, plus 388,462 shares issuable upon the exercise of certain warrants held by the Reporting Persons.
- The Reporting Persons have shared voting power over 1,583,749 shares and shared dispositive power over 1,583,749 shares.
- The securities were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of Sharps Technology, Inc.
Sentiment
Score: 5
Explanation: This is a neutral, factual disclosure of beneficial ownership, not containing information that would typically sway sentiment significantly.
Future Outlook
This filing is a disclosure of beneficial ownership and does not contain forward-looking statements or guidance from the issuer or the reporting persons regarding the issuer's future performance.
Industry Context
This filing indicates a significant passive investment by Saba Capital Management, a prominent hedge fund, in Sharps Technology, Inc. Such disclosures are routine for institutional investors crossing beneficial ownership thresholds and do not inherently reflect broader industry trends beyond a specific investment decision.
Stakeholder Impact
- This filing primarily impacts shareholders by disclosing a new significant institutional investor. It signals that a notable investment firm, Saba Capital, has taken a passive stake in Sharps Technology, Inc., which could be viewed positively by some investors as a vote of confidence, though the filing explicitly states the stake is not for control.
Key Dates
| Date | Description |
|---|---|
| 2025-10-17 | Date on which 28,226,153 shares of Sharps Technology, Inc. Common Stock were reported outstanding in the Issuer's Form S-3. |
| 2025-10-23 | Date Sharps Technology, Inc. filed its Form S-3 with the Securities and Exchange Commission. |
| 2025-11-04 | Date of event which required the filing of this Schedule 13G, indicating Saba Capital crossed the 5% beneficial ownership threshold. |
| 2026-01-15 | Date of the Joint Filing Agreement between the Reporting Persons and the filing date of this Schedule 13G. |
Keywords
Sharps Technology, Saba Capital Management, Boaz R. Weinstein, Schedule 13G, Beneficial Ownership, Common Stock, Warrants, Institutional Investor, SEC Filing
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.